The FFIEC has issued updated guidance advising banks to use stronger access controls and multifactor authentication. Some experts call the update "long overdue."
Fraud schemes have migrated in recent years, exposing inherent vulnerabilities in how most organizations authenticate users. This calls for outlining new strategies and tools for evolving authentication practices beyond solely payments security.
Payment fraud schemes are becoming more sophisticated, and threats now...
Defending against tomorrow's mobile attacks is a moving target; but new technologies and strategies, including behavioral biometrics and machine-learning-based analytics, are allowing financial institutions to reduce their fraud losses while enhancing their customer experience.
Based on the latest results of ISMG's...
High-pressure. Fast-paced. Threats coming from all directions. The battle against payment fraud isn't unlike the game of basketball. Wire fraud and ACH fraud are on the rise, and financial institutions cannot be slow on the defense - to win, they must detect fraud in real-time.
Banking channels through which...
BankInfoSecurity announces its fourth annual list of top influencers, recognizing leaders who are playing significant roles in shaping the way banking institutions and financial services companies approach information security.
So-called patent trolling is getting attention from banking leaders and the White House. As patent attorney James Denaro points out: "Essentially every single financial institution is at risk of being accused of infringement."
Banking institutions are making significant anti-fraud investments as they work toward conformance with the FFIEC's updated Authentication Guidance. But are they investing in the right solutions?
From mobile malware to the Anonymous hacktivist attacks, how can organizations tackle the changing threat landscape? In an RSA Conference preview, Joe Rogalski of First Niagara Bank shares ideas.
From mobile malware to the Anonymous hacktivist attacks, how can banking institutions tackle the changing threat landscape? Joe Rogalski of First Niagara Bank has some new ideas.
Regulators have hinted at it, and industry experts say it's coming. U.S. banking institutions can expect to see new guidance for mobile banking. The open questions are: When, and in what form?
What steps can smaller organizations and their vendors take to ensure security and regulatory compliance? They must transcend what researcher Wendy Nather calls the 'Security Poverty Line.' See how.
What's the connection between 14 Romanians and an alleged phishing scheme that involved 10 U.S. banks and their customers? A new, unsealed indictment outlines a massive fraud and ID theft conspiracy.
SWIFT's Gottfried Leibbrandt says conflicting regulatory mandates could further fragment the international payments market, if banks and governments don't align their strategies. Communication among governments, regulators and global financial institutions is critical.
Gigi Hyland of the NCUA says the latest draft of online authentication guidance is awaiting final signoff from just one FFIEC member agency. And Verizon's new data breach report finds that compromised records resulting from data breaches dropped dramatically in 2010, but the number of breaches continues to grow.
Gigi Hyland of the NCUA says the latest draft of online authentication guidance is awaiting final signoff from just one FFIEC member agency. And Verizon's new data breach report finds that compromised records resulting from data breaches dropped dramatically in 2010, but the number of breaches continues to grow.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing paymentsecurity.io, you agree to our use of cookies.
